Standard Stewardship Rating and FVE for Komatsu Remain Intact Following Change in Management
Komatsu’s third-quarter fiscal-year 2019 (ending March 2019) EBIT increased by 11% year over year to JPY 97 billion on the back of an 8% year-over-year increase in revenue to JPY 701 billion. Its first nine months fiscal-year 2019 results are on track to meet its full-year guidance as it represents around 77% of its full-year EBIT guidance of JPY 384 billion. The year-over-year improvement is mainly driven by (1) strong performance in its Construction, Mining, and Utility Equipment division, und...Komatsu is engaged in the manufacture and sale of construction and mining equipment, utility equipment and industrial machinery. Co. operates in three business segments. Construction Machinery and Vehicles segment provides wheel loaders, hydraulic excavators, mini excavators, bulldozers, dump trucks, forklift trucks, forwarders, feller bunchers, harvesters, among others. Retail Finance segment is engaged in the provision of financing services for construction and mining equipment. Industrial Machinery and Other segment offers laser cutting machines, plasma cutting machines, press brakes, shears, transfer machines, machining centers, crankshaft millers, among others. .
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